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Overview

The share structure reflects the recently-completed C$40 million financing, supporting the acquisition costs and growth objectives. The ownership breakdown and corporate valuation are summarized below.

Corporate Presentation

Post-Financing Ownership

Part of the Fiore Group

Other Group Companies

as of Janurary 24th

as of Janurary 24th

Key Capitalization

Market Capitalization:

C$70.8 M

Enterprise Value

C$30.1 M

Basic Shares

126.4 M

Fully Diluted Shares

142.3 M

Share Price (Implied):

C$0.56​

Cash Post-Acquisition:

C$40.6 M

Post-Deal Valuation

As of October 29, 2025
Net Cash Post-Acquisition & Financings C$40,617,005
Enterprise Value C$30,149,385
Market Capitalization @ $0.56/sh C$70,766,390
Share Count Outstanding 126,368,554
Warrants 7,073,406
Options 8,825,000
Share Count Fully Diluted 142,279,317
$40M Financing Planned Work
Exploration 13.0 ~50,000 m of drilling planned, with 2 drills currently on site, ramping up to 4 or 5 in Q4/25
Trade-off Studies 1.5 Final consultant selection underway. Will evaluate mining restart scenarios and sequencing, identify long-lead items, and provide preliminary capital estimates
Feasibility Study 2.5 Detailed mining sequencing, operating costs, and capital requirements for a restart plan, enabling restart financing
Site Care & Maintenance 6.0 Care and Maintenance expenses will be assumed at SCM's election after planned reclamation activities are completed in April 2026
Site Projects 3.0 Site projects will be dictated by condition assessments and could include backup generator refurbishment and deposits on long-lead items
Permitting 2.2 Permit amendments will be sought based on results of trade-off studies and the feasibility study to allow for a robust restart plan
G&A 9.0 The corporate G&A budget includes expected costs through the delivery of the Feasibility Study in H1/27
Contingency 2.8 7.5% contingency has been applied to the total budget to allow for unexpected expenses and flexibility in early project execution
Total 40.0

Copper Price

(US$/lb)